Guideline Value for SRI SAI BABA NAGAR

Sri Sai Baba Nagar guideline value

The current guideline value of Sri Sai Baba Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in the village of Sirupinayoor,Thiruvanthavar,Perungazhi, under the Salavakkam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sri Sai Baba Nagar has changed

In the 2017 revision, the guideline value was Rs 100 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 150 per sq.ft. With the 2024 revision, the guideline value has again been set at Rs 150 per sq.ft, showing a 0% change from the previous year. Overall, from 2017 to 2024, there has been a 50% increase in the guideline value.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions with recorded figures are from 2017, 2023, and 2024, with the 2024 figure being equal to the median of Rs 150 per sq.ft for the village.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In the village of Sirupinayoor,Thiruvanthavar,Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft. The median value is Rs 150 per sq.ft, which is the same as the guideline value for Sri Sai Baba Nagar.

• Sri Sai Nagar: Rs 100 per sq.ft (2024)
• Sri Sairam Nagar: Rs 150 per sq.ft (2024)
• Sri Shanmuga Nagar: Rs 250 per sq.ft (2024)
• Sri Lakshminarasimmar Nagar: Rs 100 per sq.ft (2024)
• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Vasantham Promotors Welcome City Phase-III: Rs 251 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Baba Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sai Baba Nagar?

The Sub Registrar Office that covers Sri Sai Baba Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value is a crucial factor during the registration of property in Sirupinayoor,Thiruvanthavar,Perungazhi. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Sai Baba Nagar?

The current guideline value of Sri Sai Baba Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024, while it increased by 50% from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023.

What is the land classification for Sri Sai Baba Nagar?

The land classification for Sri Sai Baba Nagar is Residential Special Type - I.

What are the stamp duty rates for property in Sri Sai Baba Nagar?

The stamp duty for property in Sri Sai Baba Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Sai Baba Nagar located?

The Sub Registrar Office for Sri Sai Baba Nagar is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.